U.S. Chamber of Commerce President and CEO Thomas Donohue criticized that unilateral tarrifs on Chinese goods by Trump’s government would be destructive to the economy. He warned that the USD 30b a year tariffs on Chinese good would w”ipe out over a third of the savings American families received from the doubling of the standard deduction in tax reform.” Further, with Trump’s request of USD 60b a year tariff, “the impact would be even more devastating.”In addition, Donohue said “tariffs could lead to a destructive trade war with serious consequences for U.S. economic growth and job creation,”
U.S. Chamber of Commerce: USD 60b tariffs on Chinese goods is devastating to American families
